Good news for Joe Biden: America is getting back to work
CNN
America's job market recovery hit a roadblock in the late summer and early fall. In recent months, the tally of jobs added to the economy has been disappointingly low.
But economists have high hopes that the streak of bad news will end with the October jobs report, which is due Friday morning. That could be some welcome news for President Joe Biden after voters sent a strong message this week about their disappointment in America's economy.
Analysts polled by Refinitiv expect some 450,000 jobs were added to the economy last month, more than in both September and August. The employment numbers in those months came in well below forecasts, worrying economists about the state of the recovery. But infections from the Delta variant, which were largely to blame for the slow hiring, are fading, giving economists hope that the job market can quickly recover again.
Millions of Americans have taken to the skies, hit the road, fired up the barbecue grill and jumped into the pool this weekend to celebrate the start of summer 2024. Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities.